Matrix Multifamily Atlanta Report-May 2024 May 16, 2024

Supply Impacts Rents in Atlanta

Atlanta’s supply expansion in 2023 ranked highest over the past decade, creating a lag in rent growth despite continued healthy demand., Rent growth fell 0.1 percent on a T3 basis through March to $1,648. With 38,214 units in the pipeline, this trend is likely to continue in 2024.